Risk magazine
Sarb deputy governor calls for changes to Basel ratio
South African central bank wants softer treatment for wholesale funds in NSFR
US energy futures may be forced out of UK CCPs
Cross-border clash threatens contracts cleared at Ice Clear Europe and LCH.Clearnet
No CDS spread spillover from Ukraine crisis
Default risks for Russia and Ukraine have risen 20% during crisis
Massad stresses process and co-operation to senators
CFTC chairman nominee vows to follow APA
EU banks fear capital hit from CCP approval delays
Risk-weights set to jump after June 15
Mexico rushing to pass European CCP tests
EU customers face penalty without Esma blessing
Benchmarking European repo markets
Sponsored forum: Stoxx
'A terrible disappointment' - IASB fumes as US rejects common approach
Hoogervorst says work on classification and measurement "has been done for nothing"
Prop shops to rival dealer market-makers on broker Sefs
Impartial access rules for Sefs allow firms to gatecrash interdealer market
People: RBS strategic review alarms senior staff, say recruiters
RBS expected to refocus on core businesses and home markets - investment bank could shrink further; new faces at the SEC; Mahmud takes top forex post at Citi; client execution hires at UBS; Aviva Investors replaces Ikram
In-depth introduction: Leverage ratio
Banks are under pressure to reduce the gross value of their derivatives portfolios, spurring greater use of bilateral compression exercises - and tougher standards in the US could put banks there under more pressure than their peers. By Lukas Becker
Learning to share the swap market
Asset managers, hedge funds and proprietary trading shops all want access to platforms that currently serve dealers only - a test for rules on impartial access and, potentially, the start of a long-awaited revolution in over-the-counter markets. By…
Meet the new OTC market-makers
New swap trading platforms are often seen as a way of levering open the OTC market for a range of non-dealer market-makers – from opportunistic buy-side firms to aggressive Chicago prop shops. But how many of these firms are serious, and what difference…
CFTC-EC Sef accord 'will not solve liquidity split'
Platforms say divide between US persons and non-US persons will remain
WM Datenservice: "Emir was too fast"
Germany’s issuer of legal entity identifiers opened for business almost 12 months ago, but demand only surged in the weeks leading up to Europe’s February 12 reporting deadline
Markowitz attacks hedge fund diversification claims
Nobel prize winner Harry Markowitz says alternative investments may not deliver the diversification benefits sought by investors
"What a mess": market reflects on start of Emir reporting
By any standards, Europe’s new reporting regime got off to a bad start. Many companies were not ready to comply; some repositories were not able to cope with those that were. Regulators, meanwhile, did not agree on what was in scope. Fiona Maxwell reports
Probable new CFTC chair 'no ideologue', say former colleagues
Dealers hope Timothy Massad's reputation as a problem-solver will lead to greater collaboration on cross-border regulation
Bilateral compression takes off as banks tackle leverage
It used to mean the tearing-up of perfectly matching trades, but compression has become something bolder and more ambitious in recent months – at the same time, it has also become more confusing, and smaller banks fear they may have the wool pulled over…
Banks have done too little, for too long on counterparty data
Regulators recently published the findings of a study of counterparty risk data at the world’s largest banks – it makes for depressing reading, says David Rowe, and is symptomatic of deeper problems plaguing the field of enterprise risk management.
Hedge funds, leverage and mortgages: why Fannie and Freddie's new deals worry some experts
Hedge funds have been keen buyers of the new mortgage risk-sharing deals issued by Fannie Mae and Freddie Mac, but as spreads have tightened, worries about leverage have grown. Some now argue mortgage finance requires a more stable source of capital. By…
US banks fear competitive impact of higher leverage ratio
US regulators have pledged to adopt the new Basel leverage ratio, but with higher minimums, sparking concerns that US banks will find it harder to compete in repo and other businesses. Lukas Becker reports
Supervisors slam banks over 'top 20' counterparty results
After five years of work, a group of 19 big banks still get a failing grade from supervisors on their ability to pull together and report counterparty exposures. Is it all a question of cost? Fiona Maxwell reports
Cleared US dollar swap volumes drop 80% on first day of Sef regime
Numbers compiled by Isda show huge drop - other sources claim smaller fall. Dealers say people "are tiptoeing their way in".